Disbursement; Cancellation; Refund. 10.1 It is expected that the Contributions will be fully disbursed by the Trustee by December 31, 2017. The Trustee shall only disburse Contributions for the purposes of this Agreement after such date with the written approval of the Donors.
10.2 In the event that the Steering Committee shall cease making Allocations from the outstanding balance of the Trust Fund pursuant to the terms of the Governance Document, the Trustee shall continue to administer the Trust Fund after the date of cessation of Allocations by the Steering Committee in accordance with the provisions of this Agreement and the Transfer Agreements until such time as the obligations of the Trustee set forth in Section B.10.5 of this Annex are fulfilled. In such event, the Trustee in consultation with the Steering Committee agrees to return any unused amount of compensation allocated for the Administrative Costs of the Secretariat and the Trustee calculated on an actual basis. The Transfer Agreements shall provide that if Programs and/or Projects are canceled prior to completion, the relevant Partner Entity shall return to the Trust Fund any unused amount of compensation allocated for Administrative Fees.
10.3 Any Donor may, upon three (3) months’ prior written notice, cancel all or part of the Donor’s pro rata share, of any remaining balance of the Contributions that is not allocated by the Steering Committee prior to the receipt of such notice. In the event of such cancellation, the Trustee shall, as instructed by the relevant Donor in writing, promptly return directly to the relevant Donor or to the relevant Donor Balance Account or transfer to any other trust fund or fund administered by the World Bank Group the Donor’s pro rata share of unallocated Contributions.
10.4 The Trustee may terminate its role as trustee of the Trust Fund at any time after giving the Steering Committee three (3) months notice in writing. Following termination, the Trustee shall carry on no business for the Trust Fund except for the purpose of winding up its affairs. The Trustee shall, in consultation with the Steering Committee to the extent possible, take all necessary action for winding up its affairs in an expeditious manner, and for meeting the commitments already made by the Trustee.
10.5 Following the final disbursement date specified in Section B.10.1, the Trustee shall, as instructed by each Donor in writing, return any remaining balance of the Contributions to the relevant Donor or to the relevant Donor...
Disbursement; Cancellation; Refund. 7.1. It is expected that the Contributions will be fully disbursed by the Bank by December 31, 2016. The Bank shall only disburse Contributions for the purposes of this Agreement after such date with the written approval of the Donors.
7.2. Any Donor or the Bank may, upon three (3) months’ prior written notice, cancel all or part of the Donor’s pro rata share, of any remaining balance of the Contributions that is not committed pursuant to any agreements entered into between the Bank and any consultants and/or other third parties for the purposes of this Agreement prior to the receipt of such notice.
7.3. Following the final disbursement date specified in paragraph 7.1, the Bank shall return any remaining balance of the Contributions to the Donors or to the relevant Donor Balance Account on a pro rata basis based on the Donors’ paid Contributions. In the event of a cancellation the Bank shall promptly return to the relevant Donor or Donors or to the relevant Donor Balance Account the Donor’s pro rata share of uncommitted Contributions in accordance with paragraph 7.2.
Disbursement; Cancellation; Refund. 8.1. The Contributions may be used to retroactively to finance payments made on or after July 1, 2010 for eligible expenditures, in accordance with the Bank’s policies and procedures.
Disbursement; Cancellation; Refund. 8.1 It is expected that the Contributions will be fully disbursed by the Bank by March 31, 2015. The Bank shall only disburse Contributions for the purposes of this Agreement after such date with the written approval of the Donors.
8.2 Any Donor or the Bank may, upon three (3) months’ prior written notice, cancel all or part of the Donor’s pro rata share, of any remaining balance of the Contributions that is not committed pursuant to any agreements entered into between the Bank and any consultants and/or other third parties for the purposes of this Agreement prior to the receipt of such notice, including the Grant Agreements.
Disbursement; Cancellation; Refund. 6.1 It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank by (the “End Disbursement Date”). The Bank shall only disburse funds deposited in the Trust Fund for the purposes of this Administration Agreement (other than returns to Donor) after such date to the extent such date is changed in accordance with amendments made to the Administration Agreement(s) of the Donor. Following the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund to the Donor in the Holding Currency in the manner specified in its respective Administration Agreement on a pro rata basis with regard to the total funds deposited in the Trust Fund by such Donor relative to the total funds deposited in the Trust Fund by the Donor, all calculated as Holding Currency amounts.
6.2 The Donor may cancel all or part of such Donor’s pro rata share/contribution, and the Bank may cancel all or any Donor’s pro rata share/contribution, upon three (3) months’ prior written notice, of any Contributions (paid and not yet paid) that are not committed pursuant to any agreements entered into between the Bank and any consultants and/or other third parties for the purposes of this Administration Agreement, including any Grant Agreements, prior to the receipt of such notice. In the event of a cancellation, the Bank shall return to the Donor its pro rata share in the Holding Currency as specified in the Administration Agreement unless otherwise agreed between the Bank and the Donor.
Disbursement; Cancellation; Refund. 6.1. It is expected that the DFSP Funds will be fully disbursed by the Bank in accordance with the provisions of its Agreement by the Final Disbursement Date. The Bank shall only disburse the DFSP Funds for the purposes of such Donor’s Agreement after the Final Disbursement Date with the written approval of such Donor.
6.2. The Donor or the Bank may, upon three (3) months’ prior written notice, cancel all or part of any remaining balance of the DFSP Funds that are not committed pursuant to any agreements entered into between the Bank and any DFSP staff funder under this Agreement prior to the receipt of such notice. Unless the parties to the Agreement otherwise agree, any agreement entered into between the Bank and DFSP staff funded by the Donor’s DFSP Funds prior to receipt of the written notice of termination shall not be affected by the cancellation, and the Bank shall be entitled to continue to receive and disburse DFSP Funds to fulfill the Bank’s obligations to the DFSP staff.
6.3. Following the Final Disbursement Date, the Bank shall return any remaining balance of the DFSP Funds to the Donor (or to the Donor Balance Account) based on the Donor’s paid DFSP Funds. In the event of a cancellation the Bank shall promptly return to the Donor (or to the Donor Balance Account) the uncommitted DFSP Funds in accordance with paragraph 6.2.
Disbursement; Cancellation; Refund. 8.1. It is expected that the Contributions will be fully disbursed by the Bank by June 30, 2013. The Bank shall only disburse Contributions for the purposes of this Agreement after such date with the written approval of the Donors.
Disbursement; Cancellation; Refund. 11.1. It is expected that the Contributions will be fully disbursed by the Bank by December 30, 2016. The Bank shall only disburse Contributions for the purposes of this Agreement after such date with the written approval of the Donor.
11.2. The Donor or the Bank may, upon three (3) months’ prior written notice, cancel all or part of any remaining balance of the Contributions that are not committed pursuant to any agreements entered into between the Bank and any consultants and/or other third parties for the purposes of this Agreement prior to the receipt of such notice, including the Grant Agreement.
11.3. Following the final disbursement date specified in paragraph 11.1, the Bank shall return any remaining balance of the Contributions to the Donor Balance Account based on the Donor’s paid Contributions. In the event of a cancellation the Bank shall promptly return to the Donor Balance Account the uncommitted Contributions in accordance with paragraph 11.3.
Disbursement; Cancellation; Refund. 8.1 The Contributions may be used to retroactively finance payments for eligible expenditures under the Bank-Executed Activities and Recipient-Executed Activities, which were incurred on or after September 1, 2010, in accordance with the Bank’s policies and procedures.
8.2 It is expected that the Contributions will be fully disbursed by the Bank by June 30, 2021. The Bank shall only disburse Contributions for the purposes of this Agreement after such date with the written approval of the Contributors.
8.3 Any Contributor or the Bank may, upon three (3) months’ prior written notice, cancel all or part of the Contributor’s pro rata share, of any remaining balance of the Contributions that is not committed pursuant to any agreements entered into between the Bank and any consultants, Additional Delivery Partners and/or other third parties for the purposes of this Agreement prior to the receipt of such notice, including the Grant Agreements and the Transfer Agreements.
8.4 Following the final disbursement date specified in Section 8.2, the Bank shall return any remaining balance of the Contributions then held by the Bank to the Contributors on a pro rata basis based on the Contributors’ paid Contributions. In the event of a cancellation the Bank shall promptly return to the relevant Contributor or Contributors the Contributor’s pro rata share of uncommitted Contributions then held by the Bank in accordance with Section 8.3.
Disbursement; Cancellation; Refund. It is expected that the Contributions will be fully disbursed by the World Bank by December 31, 2014. The World Bank shall only disburse Contributions for the purposes of this Agreement after such date with the written approval of the Donors.
